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VYCON MOVES TO LARGER FACILITY TO SUPPORT INCREASED R&D, MANUFACTURING AND MARKET EXPANSION

Los Angeles – April 26, 2007– VYCON, a market leader in the innovation, design and manufacture of advanced, green-tech, high cycling energy storage flywheel systems, today announced that they are moving their headquarters to a new facility for company operations and manufacturing.  The new corporate facility, located in Yorba Linda, California, is 35,000 square feet that is being built out to VYCON’s specifications. 

Thirteen thousand feet will be used for offices that will house the engineering and management staff, while the remaining space will be devoted to the necessary infrastructure to ramp up manufacturing output to meet the company’s 5 year plan.   It will also support the development of new products planned for implementation during this period. The larger space is key to VYCON’s expected growth in production and to the development and testing of larger products that will address additional market needs.  Target move in date is May 2007. 

VYCON’s recent IPO has put the company firmly on the road to new market opportunities and development options.  The larger space will facilitate the company’s ability to continue their growth.

About VYCON
Established in 2002, VYCON is an innovator in the design and manufacture of technologically advanced, green tech, high cycling flywheel based energy storage systems.  The company strives to address the needs of the crane, power quality, rail, and uninterruptable power supply (UPS) markets.  VYCON’s products provide a cost effective, reliable energy solution for a variety of applications. For more information, visit http://www.vyconenergy.com.  

Media inquiries: Victoria Rierdan Hurley, Grabiner/Hall, Victoria@grabinerhall.com or 310 993 1840.

 

The issuance of securities in the Placing has not been and will not be registered under the applicable securities laws of the United States, Canada, Australia or Japan. The distribution of this announcement in other jurisdictions may be restricted by law and therefore persons into whose possession this announcement comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdictions.

 


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